India to auction ₹34,000 crore 6.94% GS 2036 on Oct 16

The Government of India announced a re-issue of the 6.94% 2036 dated security for ₹34,000 crore, with an option to retain an additional ₹2,000 crore. The auction, conducted by the RBI, is part of the government's borrowing program. This supply could pressure bond yields in the near term, though the impact is likely modest given the size relative to the market.